Seoul
The event has already taken place.
RSVP may be limited due to space availability (your promt response is encouraged)
Please contact jaemyung.lee@asiafoundation.org for further information
Jaemyung (James) Lee
+82 2 739 6021
jaemyung.lee@asiafoundation.org
The Economics of Mutuality (EoM) started as a groundbreaking management innovation to deliver greater value to people and planet with superior business returns – a ‘win-win’ for all stakeholders.
Today, EoM calls for a new paradigm not only by leaders in business but also in investment and policy.
Business leaders today are coming under increasing pressure from employees, consumers, investors, and governments to embed sustainable and responsible ESG practices. This reflects the new horizon for value creation which is about profiting from creating solutions for people and planet, not profiting from creating problems.
Investors are trying to stay ahead of regulatory requirements and looking beyond ESG, not just to manage risks, but to create impact and value.
Finally, policy-makers are looking for new models of economic growth and inclusion that benefits the broader society, not just a few players.
For this month's IFB public session, IFB Seoul welcomes Jay Jakub, Kwang Kim, and Gavin Long to provide introduction on EoM and discuss its potential value to the South Korean economy.
To find out more about EoM and its concept, please visit: https://eom.org/
ABOUT OUR SPEAKERS
Jay Jakub, Economics of Mutuality
Jay Jakub is the Chief of Staff for EoM and the Director of the EoM Foundation. Jay joined Mars Catalyst in 2007 and led several critical components of the Economics of Mutuality platform, including developing and managing Catalyst’s many external thought partnerships, Economics of Mutuality education initiatives, etc.
Since 2014, he has directed the multi-year joint research partnership on the Economics of Mutuality with Oxford University’s Said Business School, where he is a regular guest lecturer on the Economics of Mutuality. He is the co-author (with Bruno Roche) of the EoM book, 'Completing Capitalism' (Berrett-Koehler, 2017 & CITIC Press in Chinese, 2018) and is contributing co-author of 'Putting Purpose into Practice: The Economics of Mutuality (Oxford University Press, 2021).
Jay is American and is based in Washington, D.C. His doctorate is from Oxford University (St. John’s College), he has an M.A. from the University of Lancaster (UK), and a BA from American University in Washington, D.C.
Kwang Kim, Economics of Mutuality
Kwang Kim is a senior advisor for Economics of Mutuality. He is the former Korea Country Representative at The Asia Foundation and co-founder of Impact for Breakfast Seoul. Previously, Kwang was the regional lead for International Finance Corporation (the private sector arm of the World Bank Group) in its Sustainable Business Advisory Services in Latin America & the Caribbean, as well as other partners, in de-risking investments, impact investment, and mainstreaming Environmental Social Governance (ESG) through advisory services. Kwang also served in advisory roles to the governments of Panama and the United Arab Emirates (UAE) on economic diversification strategies. In South Asia, he advised the public and private sectors on strengthening the competitiveness of the mining, tourism, and agribusiness sectors in the tribal areas of Pakistan.
Kim currently serves as an advisor to Conservatorio Urban Innovation, co-authoring an Oxford University case study on urban revitalization models. He previously held adjunct faculty appointments with Georgetown University’s Landagger Program in International Business Diplomacy, and with Hanyang University School of Business.
Gavin Long, Economics of Mutuality
Gavin Long is the Executive Director of Economics of Mutuality. He is an experienced purpose-driven technology entrepreneur, transaction professional and Private Equity investor with a track record of delivering superior value creation in the information technology, software, and services industries. He possesses strong M&A, debt & equity finance, strategic planning, analytical, government, entrepreneurship, and international business skills.
Alongside his role as Executive Director of the Economics of Mutuality platform, Gavin is Co-founder and a Partner at the Acacia Group, a specialist Private Equity investment firm through which he has served as CEO of two portfolio technology companies.
Previously, Gavin worked with future Acacia colleagues at Global Strategies Group, a US-focused buyout firm, where he led corporate development within the firm’s M&A strategy including a NASDAQ IPO. Gavin has completed more than 50 M&A transactions with an aggregate value of more than $4B. He has also held leadership positions overseeing strategy development and transactional execution for BAE Systems, Imperial Capital and Arthur Andersen Corporate Finance.
Gavin has a BA in Philosophy from Appalachian State University and has undertaken graduate studies at Gordon Conwell Theological Seminary and Duke University.
Jung-Hun Cho, National Assembly
Mr. Jung Hun Cho is currently a member of the National Assembly of Republic of Korea. He recently co-founded Transition Korea, a neither conservative nor progressive but rather allegedly pragmatic political party. Prior to his political career, he worked as a member of the Presidential Committee on Northern Economic Cooperation of Republic of Korea. Earlier, he was a professor at Graduate School of International Studies at Ajou University, Korea. Mr. Cho worked at the World Bank Palestine branch and helped a negotiation between Palestine and Israel and Cho worked under the Technical Advisory Team of the World Bank where he worked as a part of negotiations for Kosovo independence and fiscal decentralization from Serbia. He earned his B.A. in Business Administration at Yonsei University, Korea and M.A. in International Development at John F. Kennedy School of Government.
Jinho Chung, The Wells Investment
Jinho Chung is the Chairman and CEO of The Wells Investment and has been a CEO of Global IB and asset management, including Prudential Investment & Securities and Asset Korea for the past 35 years. He is seeking for 'the servant leadership' by helping people to maximize their intrinsic motivation in the financial market and is currently running 'Korea Impact Fund,' a leading social entrepreneurship fund in Asia.
Jeongtae Kim, Merry Year Social Company (MYSC)
Jeongtae Kim is a social entrepreneur and impact investor who currently serves since 2014 as CEO/President at Merry Year Social Company, the first social innovation consultancy in Korea. He is also a global development fellow of The Asia Foundation. Prior to this, he worked at UN Project Office on Governance under the UN Secretariat with 5 years experience on the theme of good governance, ICT/mobile-governance, and capacity development.
AGENDA
Opening by Jinho Chung (The Wells Investment) and Jung-hun Cho (National Assembly)
Facilitation by Jeongtae Kim (Merry Year Social Company)
Panel Presentations
Q&A facilitated by Jeongtae Kim (Merry Year Social Company)
Next Steps Moderated by Jinho Chung (The Wells Investment)
UPCOMING ANNUAL FORUM ON ECONOMICS OF MUTUALITY
If you are interested to know more about EoM, an annual EoM Forum co-hosted by EoM Group and Oxford University is coming up this February 21-23, 2023. Further details below:
Event Name: Oxford Economics of Mutuality Virtual Forum - Confronting Crises: Motivation, Equipping, and Partnering with Business to Deliver Practical Solutions
Date: February 21-23, 2023
Location: Virtual
Event Webpage: https://eomforum.org/
Registration (Free): https://hopin.com/events/oxford-eom
ABOUT IMPACT FOR BREAKFAST
IFB is an informal global network of 1,700+ members from family offices, foundations, funds, venture philanthropy and intermediary organizations with a shared interest in social enterprise, entrepreneurship and impact investing. IFB members seek to learn from one another and to collaborate more effectively to increase their individual and collective impact. The Asia Foundation Korea is the Chapter Manager for IFB Seoul, along with the founding members, MYSC and The Wells Investment. For more information, please see: https://impactforbreakfast.com/